My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
10-28-2015 Council Packet
>
City Council Packets
>
2010-2019
>
2015
>
10-28-2015 Council Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/23/2015 3:09:12 PM
Creation date
10/23/2015 2:54:49 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
192
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
CHAPTER 13 -- ECONOMIC DEVELOPMENT AND SPECIAL PROGRAMS <br />district and the authority's estimate of the fiscal and economic implications of the proposed TIF district, <br />The TIF Authority must also provide the plan to the County Commissioner to each County <br />Commissioner who represents the area if the TIF district is a housing or redevelopment district, In most <br />cases, the TIF Authority provides a copy of the proposed TIF plan to the Chair of the County Board, <br />regardless of the type of district. The County has 30 days by which it can comment to the TIF Authority <br />on the plans prior to the public hearing, The TIF Authority can request a waiver of the 30 -day review <br />period from the school and the county which can be granted upon written approval from the authorities, <br />The Board of Commissioners in many Counties have not been active in commenting on proposed TIF <br />districts, in part because the TIF Authority is not required to do anything in response to those comments, <br />In contrast, some Boards, with assistance from their County Auditors, have closely examined proposed <br />TIF districts and provide comments about them, Comments surrounding potential districts have raised <br />the publics concern about the proposed districts to an extent that the TIF Authority either modifies <br />components of the TIF plan or reconsiders going forward with the creation of the district altogether, <br />Ultimately, the ability for County's to review the plans have proven helpful in detecting substantive or <br />typographical errors and provides the TIF Authority the opportunity to correct the errors prior to the <br />approval of the district, <br />At the time that the County receives the proposed plan, the following are the items that they should pay <br />close attention to: <br />1. County Road Costs: <br />When the County receives a copy of the proposed plan, it should examine the impact of the <br />proposed development or redevelopment on county roads. The County Board may require the <br />authority to pay all or a portion of the cost of county road improvements out of tax increment <br />revenues if the development will result in a substantial increase in the use of the county roads <br />and if the improvements to the road were not scheduled for reconstruction within the five-year <br />county capital improvement plan. If the county chooses to use increments to finance the road <br />improvements, it must notify the TIF Authority within 45 days after receiving the TIF plan of <br />the estimated costs of the road improvements and a schedule for reconstruction and payment of <br />the costs. <br />2. Development District and TIF District Boundary line Determinations: <br />The County Auditor should verify that the parcel numbers, legal descriptions and maps <br />all coincide with ' each other, If there are any variances between the three of them as <br />indicated in the TIF plan and/or with the County records as they pertain to the County <br />records, the County should contact the TIF Authority immediately upon detection of the <br />issues, The County Auditor should make sure that the legal descriptions and parcels that are <br />identified to be within a TIF District are entirely within the district, No parcel can be partially <br />within a TIF district. If any portion of the property is not included in the district, the entire <br />parcel is excluded from the district, In many cases, a subdivision or plat is planned to be filed. <br />The subdivision or plat must be filed and the parcel(s) created prior to the TIF District's final <br />plan and request for certification received by the County. <br />TAX INCREMENT FINANCING 13.01 „ 7 <br />REVISION DATE: NOVEMBER, 2010 <br />
The URL can be used to link to this page
Your browser does not support the video tag.